Recent Analysts’ Ratings Updates for Alaska Air Group (ALK)

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A number of firms have modified their ratings and price targets on shares of Alaska Air Group (NYSE: ALK) recently:

  • 1/28/2019 – Alaska Air Group was upgraded by analysts at Macquarie from a “neutral” rating to an “outperform” rating. They now have a $63.48 price target on the stock.
  • 1/28/2019 – Alaska Air Group had its “outperform” rating reaffirmed by analysts at Imperial Capital. They now have a $90.00 price target on the stock, down previously from $93.00.
  • 1/24/2019 – Alaska Air Group was downgraded by analysts at TheStreet from a “b-” rating to a “c” rating.
  • 1/15/2019 – Alaska Air Group had its “outperform” rating reaffirmed by analysts at Imperial Capital. They now have a $90.00 price target on the stock.
  • 1/10/2019 – Alaska Air Group was upgraded by analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating. They now have a $67.00 price target on the stock.
  • 1/9/2019 – Alaska Air Group had its price target lowered by analysts at Imperial Capital from $102.00 to $90.00. They now have an “outperform” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 12/31/2018 – Alaska Air Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $64.00 price target on the stock. According to Zacks, “Shares of Alaska Air Group have outperformed its industry over the past six months. The company issued a bullish fourth-quarter unit revenue forecast while releasing its November traffic results. In fact, the company is benefiting from the rise in passenger revenues, which increased 4% in the third quarter as well as in the first nine months of 2018. The company's efforts to expand its presence are encouraging as well. We are also impressed by the company’s efforts to reward shareholders through dividends and buybacks. The Zacks Consensus Estimate for current-year earnings has been revised upward to the tune of 4.1% over the last 60 days. Moreover, the same for 2019 earnings has increased 10.5% in the same timeframe. The bullish readings support the positivity surrounding the stock. However, high operating expenses are limiting bottom-line growth. Capacity-related woes are also worrisome.”
  • 12/17/2018 – Alaska Air Group was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of Alaska Air Group have outperformed its industry over the past six months. The company issued a bullish fourth-quarter unit revenue forecast while releasing its November traffic results. In fact, the company is benefiting from the rise in passenger revenues, which increased 4% in the third quarter as well as in the first nine months of 2018. The company's efforts to expand its presence are encouraging as well. We are also impressed by the company’s efforts to reward shareholders through dividends and buybacks. However, high operating expenses are limiting bottom-line growth. In fact, the bottom line contracted in each of the three quarters so far this year mainly due to high costs. Capacity-related woes are also worrisome. Load factor has declined 70 basis points year to date due to capacity expansion outweighing traffic growth.”
  • 12/11/2018 – Alaska Air Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $71.00 price target on the stock. According to Zacks, “Shares of Alaska Air Group have outperformed its industry over the past six months. The company issued a bullish fourth-quarter unit revenue forecast on its investor day. In fact, the company is benefiting from the rise in passenger revenues, which increased 4% in the third quarter as well as in the first nine months of 2018. Additionally, the carrier has reduced its forecast for fuel cost per gallon. The company's efforts to expand its presence are encouraging as well. We are also impressed by the company’s efforts to reward shareholders through dividends and buybacks. The positivity surrounding the stock is evident from the Zacks Consensus Estimate for current-year earnings being revised 3.3% upward in the last 60 days. However, high operating expenses are limiting bottom-line growth. In fact, the bottom line contracted in each of the three quarters so far this year mainly due to high costs. Capacity-related woes are also worrisome.”
  • 12/5/2018 – Alaska Air Group was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.

NYSE:ALK traded down $0.71 during mid-day trading on Thursday, hitting $63.95. The company’s stock had a trading volume of 1,650,131 shares, compared to its average volume of 1,652,024. Alaska Air Group, Inc. has a 1 year low of $57.28 and a 1 year high of $74.83. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.69 and a current ratio of 0.61. The firm has a market cap of $7.95 billion, a price-to-earnings ratio of 14.34, a PEG ratio of 1.72 and a beta of 0.84.

Alaska Air Group (NYSE:ALK) last posted its quarterly earnings results on Thursday, January 24th. The transportation company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.73 by $0.02. Alaska Air Group had a net margin of 5.29% and a return on equity of 15.20%. The company had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same period in the prior year, the company earned $0.83 earnings per share. The firm’s revenue was up 6.3% on a year-over-year basis. As a group, equities research analysts predict that Alaska Air Group, Inc. will post 6.71 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 7th. Shareholders of record on Tuesday, February 19th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.19%. This is a positive change from Alaska Air Group’s previous quarterly dividend of $0.32. The ex-dividend date is Friday, February 15th. Alaska Air Group’s dividend payout ratio is presently 28.70%.

In other Alaska Air Group news, Director J Kenneth Thompson sold 2,500 shares of the company’s stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $73.12, for a total value of $182,800.00. Following the sale, the director now directly owns 36,353 shares of the company’s stock, valued at $2,658,131.36. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.56% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of the business. We Are One Seven LLC purchased a new stake in shares of Alaska Air Group during the 4th quarter worth about $34,000. North Star Investment Management Corp. purchased a new stake in shares of Alaska Air Group during the 4th quarter worth about $49,000. Legacy Financial Advisors Inc. boosted its stake in shares of Alaska Air Group by 134.4% during the 4th quarter. Legacy Financial Advisors Inc. now owns 1,261 shares of the transportation company’s stock worth $77,000 after acquiring an additional 723 shares in the last quarter. First Hawaiian Bank boosted its stake in shares of Alaska Air Group by 2,553.0% during the 4th quarter. First Hawaiian Bank now owns 2,202 shares of the transportation company’s stock worth $134,000 after acquiring an additional 2,119 shares in the last quarter. Finally, Tower Research Capital LLC TRC purchased a new stake in shares of Alaska Air Group during the 3rd quarter worth about $171,000. 93.00% of the stock is currently owned by institutional investors.

Alaska Air Group, Inc, through its subsidiaries, provides passengers and cargo air transportation services. It also focuses on providing ground and ramp handling services to airlines. The company operates through three segments: Mainline, Regional, and Horizon. It has a network of approximately 1,200 daily flights to 118 destinations across the United States, Mexico, Canada, and Costa Rica.

Further Reading: 52-Week High/Low

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